BSE: 544168 | NSE: | Diamond & Jewellery | Small Cap
Past 10 year's financial track record analysis by Moneyworks4me indicates that Varyaa Creations Ltd is a average quality company.
The key valuation ratios of Varyaa Creations Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Varyaa Creations Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|
| ROCE % ⓘ | -1.3% | 58.5% | 266.4% | 191.7% | - |
| Value Creation Index ⓘ | NA | 3.2 | 18.0 | 12.7 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||
| Sales ⓘ | 0.1 | 2.5 | 5.2 | 21.4 | 21 |
| Sales YoY Gr. | - | 2,644.4% | 111.7% | 309.2% | - |
| Adj EPS ⓘ | -0.4 | 1.7 | 2.3 | 8.8 | 6.3 |
| YoY Gr. | - | NA | 36.3% | 282.1% | - |
| BVPS (₹) ⓘ | -2.3 | -0.6 | 1.7 | 10.5 | 49.5 |
| Adj Net Profit ⓘ | -0.1 | 0.6 | 0.8 | 3 | 3 |
| Cash Flow from Ops. ⓘ | 0.1 | 0.1 | 3.8 | -3.7 | - |
| Debt/CF from Ops. ⓘ | 31.6 | 4.8 | 0 | 0 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | NA | 519.5% | 309.2% | ||||
| Adj EPS ⓘ | NA | NA | NA | 282.1% | ||||
| BVPSⓘ | NA | NA | NA | 508.7% | ||||
| Share Price | - | - | - | - | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|
| Return on Equity % ⓘ | 16.9 | -119.6 | 394.8 | 143.5 | 21 |
| Op. Profit Mgn % ⓘ | -59.9 | 25 | 18.7 | 16.8 | NAN |
| Net Profit Mgn % ⓘ | -144.5 | 23.5 | 15.1 | 14.1 | 14.1 |
| Debt to Equity ⓘ | -3.7 | -2.3 | 0 | 0 | - |
| Working Cap Days ⓘ | 0 | 265 | 615 | 210 | 0 |
| Cash Conv. Cycle ⓘ | 0 | -8 | 387 | -124 | 0 |
Sales growth is growing at healthy rate in last 3 years 519.52%
Return on Equity has declined versus last 3 years average to 21.00%
Net Profit has been subdued in last 3 years 0.00%
Sales growth is not so good in last 4 quarters at 0.00%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 6.3 | - |
| TTM Sales (₹ Cr.) | 21.4 | - |
| BVPS (₹.) ⓘ | 49.5 | - |
| Reserves (₹ Cr.) ⓘ | 19 | - |
| P/BV ⓘ | 1.96 | - |
| PE ⓘ | 15.39 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 61.11 / 299.25 |
| All Time Low / High (₹) | 61.11 / 299.25 |
| Market Cap (₹ Cr.) | 46.4 |
| Equity (₹ Cr.) | 4.8 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 83.9 |
| Pledged * | 0.00 | 0.00 |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|
| Sales | 0.09 | 2.47 | 5.23 | 21.40 |
| Operating Expenses ⓘ | 0.14 | 1.85 | 4.25 | 17.80 |
| Manufacturing Costs | 0 | 0 | 0 | 0.10 |
| Material Costs | 0.06 | 1.76 | 4.20 | 17.20 |
| Employee Cost | 0.08 | 0.07 | 0.04 | 0.17 |
| Other Costs ⓘ | 0 | 0.02 | 0.02 | 0.32 |
| Operating Profit ⓘ | -0.05 | 0.62 | 0.98 | 3.60 |
| Operating Profit Margin (%) | -59.8% | 25.0% | 18.7% | 16.8% |
| Other Income ⓘ | 0.03 | 0.06 | 0.15 | 0.44 |
| Interest ⓘ | 0.10 | 0.10 | 0.02 | 0 |
| Depreciation ⓘ | 0 | 0 | 0 | 0 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | -0.13 | 0.58 | 1.11 | 4.03 |
| Tax ⓘ | 0 | 0 | 0.32 | 1.02 |
| Profit After Tax | -0.13 | 0.58 | 0.79 | 3.02 |
| PAT Margin (%) | -144.0% | 23.5% | 15.1% | 14.1% |
| Adjusted EPS (₹) | -0.4 | 1.7 | 2.3 | 8.8 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | -0.77 | -0.19 | 0.59 | 3.61 | ||||||
| Share Capital ⓘ | 0.15 | 0.15 | 0.15 | 3.45 | ||||||
| Reserves ⓘ | -0.92 | -0.34 | 0.44 | 0.16 | ||||||
| Minority Interest | 0 | 0 | 0 | 0 | ||||||
| Debt | 2.84 | 0.45 | 0 | 0 | ||||||
| Long Term Debt | 0 | 0 | 0 | 0 | ||||||
| Short Term Debt | 2.84 | 0.45 | 0 | 0 | ||||||
| Trade Payables | 0.08 | 1.12 | 19.08 | 3.07 | ||||||
| Others Liabilities ⓘ | 0.04 | 0.07 | 0.33 | 1.82 | ||||||
| Total Liabilities ⓘ | 2.18 | 1.44 | 20.01 | 8.51 | ||||||
Fixed Assets | ||||||||||
| Gross Block | 0.03 | 0.03 | 0.04 | 0.06 | ||||||
| Accumulated Depreciation | 0.03 | 0.03 | 0.03 | 0.04 | ||||||
| Net Fixed Assetsⓘ | 0 | 0 | 0 | 0.02 | ||||||
| CWIP ⓘ | 0 | 0 | 0 | 0 | ||||||
| Investmentsⓘ | 0 | 0 | 0 | 0 | ||||||
| Inventories | 1.59 | 0.89 | 15.72 | 8.12 | ||||||
| Trade Receivables | 0 | 0 | 0 | 0 | ||||||
| Cash Equivalents | 0.02 | 0.01 | 3.80 | 0.06 | ||||||
| Others Assetsⓘ | 0.58 | 0.53 | 0.48 | 0.31 | ||||||
| Total Assets ⓘ | 2.18 | 1.44 | 20.01 | 8.51 | ||||||
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 0.09 | 0.09 | 3.81 | -3.72 |
| PBT ⓘ | -0.13 | 0.58 | 1.11 | 4.03 |
| Adjustment ⓘ | 0.08 | 0.10 | 0.03 | 0 |
| Changes in Working Capital ⓘ | 0.14 | -0.58 | 3 | -6.74 |
| Tax Paid ⓘ | 0 | 0 | -0.32 | -1.01 |
| Cash Flow From Investing Activity ⓘ | 0.03 | 0 | 0 | -0.02 |
| Capex | 0 | 0 | 0 | -0.02 |
| Net Investments | 0 | 0 | 0 | 0 |
| Others ⓘ | 0.03 | 0 | 0 | 0 |
| Cash Flow From Financing Activityⓘ | -0.10 | -0.10 | -0.02 | 0 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 | 0 | 0 |
| Interest Paid ⓘ | -0.10 | -0.10 | -0.02 | 0 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 |
| Others ⓘ | 0 | 0 | 0 | 0 |
| Net Cash Flow ⓘ | 0.02 | 0 | 3.79 | -3.74 |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | N/A | N/A | 394.75 | 143.48 | ||||||
| ROCE (%) | N/A | N/A | 266.44 | 191.74 | ||||||
| Asset Turnover Ratio | 0.04 | 1.37 | 0.49 | 1.5 | ||||||
| PAT to CFO Conversion(x) | N/A | 0.16 | 4.82 | -1.23 | Working Capital Days | |||||
| Receivable Days | 0 | 0 | 0 | 0 | ||||||
| Inventory Days | 6,406 | 183 | 580 | 203 | ||||||
| Payable Days | 478 | 124 | 878 | 235 | ||||||
Varyaa Creations Limited was originally incorporated as Kalgi India Private Limited on July 14, 2005 under the Companies Act, 1956 vide certificate of incorporation issued by the Registrar of Companies, Mumbai. Subsequently the name of the company was changed from ‘Kalgi India Private Limited’ to ‘Varyaa Creations Private Limited’ under the Companies Act, 2013 pursuant to a special resolution passed by its shareholders at the EGM held on July 04, 2016 and had obtained fresh certificate of incorporation July 19, 2016 issued by the Registrar of Companies, Mumbai. Thereafter, the company was converted in to a public company and consequently name was changed from ‘Varyaa Creations Private Limited’ to ‘Varyaa Creations Limited’ under the Companies Act, 2013 pursuant to a special resolution passed by its shareholders at the EGM held on July 19, 2023 and had obtained fresh certificate of incorporation August 18, 2023 issued by the Registrar of Companies, Mumbai.
The company is engaged in the business of wholesale trading of gold, silver, precious stone, and semi-precious stone. The company also intends to focus on manufacturing and selling of jewellery‘s. The company manufactures its jewellery through job worker located in Mumbai. The company has earned its revenues from wholesale trading of gold, silver, precious stone, semiprecious stone and from sales of jewellery. Currently, its products are sold only through the offline market, i.e. from its registered office located in Mumbai. Its customers can also make inquiry through its online platform www.varyaacreations.com. The major raw material used for making its products is gold, precious stones, gemstones, semi-precious stone, silver etc. which is further provided to the job worker who manufacture the jewellery for the company.
The job worker manufactures its products as per design and pattern provide by the company. Designing of its products are done in-house. It has not entered into any formal contract or agreement with the job worker. It gets its products manufactured based on the orders basis and as and when need basis. It procures gold, silver, gemstones, precious and semi-precious stones majorly through the bullion market and jewellery market dealers located in Mumbai. Its jewellery is widely sold through B2B and B2C platform. It also sells customized jewellery to customers. It offers its jewellery across different price points so as to maximize its potential customer base. It endeavours to maintain the finishing and quality of its jewellery by ensuring control quality, timely delivery and competitive prices. Its product portfolio includes Necklace, Earring, Tops, Ring, Bracelet, Bangles, Gemstones, Diamonds, Lab Grown diamonds, Pearls and it also make customized jewelleries as per customer’s needs.
Business area of the company
The company is engaged in the business of wholesale trading of gold, silver, precious stone, and semi-precious stone. Its product portfolio includes Necklace, Earring, Tops, Ring, Bracelet, Bangles, Gemstones, Diamonds, Lab Grown diamonds, Pearls and it also make customized jewelleries as per customer’s needs.
Products of the company
History and milestones
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MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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